 Well, there's a lot of news to get top stories and cryptocurrency assets and big amount of bite-sized pieces. So today, the market is exploding. I want to take a look at a couple of different projects and why they are going up so high in value. And the first thing I want to take a look at is Binance Coin. And really it comes down to this blog post, which talks about cheat codes, but it really comes down to Metcalfe's law and utility and what is going behind the scenes with this new little project called Binance Pay, which is going to compete with PayPal. Also, Jim Kramer from Mad Money is saying he owns Bitcoin. And the reason that he owns Bitcoin is not surprising to us, but it's going to be surprising to a lot of people. So we'll take a look at that secondly. And then last, we're going to talk about, can you buy a Tesla car with Bitcoin? Well, you can't do it right now, but pretty soon you're all going to be able to. But the real question is what's it going to do for taxes? We'll take a look at those three things. But first, let me talk about the video that we had done yesterday. And this was, I think this was a pretty fun one for us, or for me, just to talk about what is going on in Africa and how there's so many unbanks and all the different things that are going on. And as far as Cardano coming in and getting this massive government contract, and it looks like they're going to start to onboard 100 million users. But the question I had, because I took a look at just data that was available on Google, but I wanted to get the opinion of somebody who was there or who lives there, who deals with it. I reached out to Ray Youssef from Paxful and he couldn't make it and a couple of the people and they couldn't make it, but no big deal. So there was a DM that I put, I said, Hey, or a message on Twitter, I said, Hey, if you have any information on the banking situation in Africa, I'd love to hear about it. So this is from Joe. He says, Hey, Dan, watch your videos for a while. I appreciate them a ton. I've been working for a credit bureau, which does business mainly in third world countries. Feel free to want to talk about the topic of bank in Africa, Sub-Saharan Africa, whatever. So great. I go, what I want to know is the things that I was talking about yesterday, were they correct in my assessment for, you know, how many people were actually unbanked, the M-Pesa and what do you think about blockchain actually moving in? He says it's really hard to answer in general. You're right that there is a huge potential for blockchain application as it is in general for the ledger technology, but the tech was always there, blockchain or not. The problem with Africa is that nobody solves its problems unless there's a big piece of pie in it. Sometimes it is more profitable not to solve Africa's issues. In short, Cardano might get some PR consulting contract and the government will run some nodes, but I'm a bit skeptic as any further development. Africans love to promise everything, but then nothing happens. I think my ID by ICX is a similar concept, brought nothing except PR. So that is the truth and that is what we have right now. I've actually reached out to a couple more people to see what's going on, but I don't just want to have this channel just to have to be just some huge hype piece where, you know, like this is going to happen and this is going to go to the moon and, you know, you should really get into it. You have to know both sides of the story just to make a really well informed decision. So I will reach out and get some more people. However, to me it does look very bullish about what is going on. But in the end, it really just depends on how everything executes and everything falls into place. And some made a comment on my Twitter feed. They said, Hey, wasn't Tron supposed to take over the world? And then, you know, now here we are. So I don't know if that's really that's really what actually happened. I don't think Tron is really taking up too much. So that is what's going on. Let's take a look at what is going on with the market right now. So today it is February 9th, 1pm, El Paso, Texas time. As you can tell, it's a very nice day here. It's going to be 74 degrees. I'm bragging about it today because tomorrow it's going to go down like the sixties and the next day is going to be like the forties. So it's not like it's great here all the time. And just remember, it's like 110 here in the summer. So it is what it is. And yeah, so Bitcoin right now, we are looking at $47,000 after that news yesterday. And then we talked about, you know, Elon Musk coming in and saying they're going to buy, but they've already bought $1.5 billion worth of Bitcoin back in late January. So the price, you know, we were almost at, I think we're at 48.6 at one point, but we're still doing good, $47,000. So, you know, a little pullback. Maybe we'll see some more, but who knows. Ethereum, you know, the futures just launched with the CME. I thought it would do some damage, but it looks like everything's doing okay. I don't know if it's coincides with what with the Elon Musk announcement. Because, you know, when Elon Musk comes in and says, hey, you know, this is, we're going to buy a bunch of Bitcoin, seems to buoy the whole situation. So I really can't make an assessment. But, you know, Ethereum did hit 1,800. So that's great. Tether's Tether. Cardano is making that massive explosion, but there was a bit of a pullback. And now we're at, that's not too bad. 69 cents. XRP is still there. Polkadot and XRP have been bouncing back and forth. But the real story, and then we'll go on to the main story, is Binance coin. I took a look at this, and I said, man, 43%, 70%. I mean, it's just going crazy. So, I mean, that is pretty fantastic numbers. When Binance first came out, I will just say this, and I talked about this yesterday, actually, in another video. And I just didn't understand Binance coin. I'm like, who cares? What does it really do? Now that I've learned a little bit more, and people have, you know, told me this is what's going on, and I've done more of my research, I can tell you that Binance coin is going to be enormous, especially what we're going to talk about today. And really it comes down to, you know, utility and Metcalf's loss. So let's just take a look at what I'm talking about. So this comes down to this little piece right here. There's a blog post from yesterday. And it's pretty funny. And if you're a kid of the 80s, 90s, maybe now mostly 80s, you will recognize this code right here. And it's pretty funny, though, this is the way they did that. But the whole thing was about what makes Binance coin pop? What's going on? So it kind of meshes together a bunch of different things, but it goes over 16 pieces. But it talks about, look, if you have Binance coin, you can save on fees, right? So the more Binance coin you have, the more fees you have. For Spot, you save 25%. They have futures and they have margin. So futures is 10%, margin is 5%. Not going to know that. That's not my forte. I'll tell you what I know. I'll tell you what I don't know. I don't do that stuff. So there is that part. And then it says, save on fees when you increase your VIP level. Again, the more BNB you have, the more savings you have. So why wouldn't people buy it up, right? So Binance offers 10 different VIP levels calculated based on your 30-day trading volume and average BNB balance over the same period. And you will see Celsius to the same type of thing, right? There are different levels. So the more Celsius tokens that you have, the more that you would get back in your yield. So that's why Celsius token goes up. Again, the more utility you have, the more of a network effect, the more of Metcalfe's law, the more connections you have, the more users you have, the more that token will go up. Only makes sense. And then we say, save on fees for launch transactions or OTC. Okay, get these entirely with Binance peer-to-peer. Now this one was pretty cool. And this is why Americans get the shaft because of stuff like this. So if you haven't seen this, this is pretty awesome. I'm just going to open this up with the peer-to-peer marketplace. Oops, that's not it. Right here. Peer-to-peer marketplace. Let me close this up even more. So this right here, you are essentially going right direction, right directionally to the person who is selling these cryptocurrencies. And you can take a look here, like I just put it to BNB, right? And this is somebody who's, they're going to take payment in PayPal or Revolute Bank, which I used to have. I don't like them, but whatever. PayPal, S, I don't know what that is. And some different types of alternative banks. And you can lay out what you want to do. You can look for Bitcoin, again, peer-to-peer. You can look for ETH, DAI, whatever else. And there's certain parameters like here for the all payments, you can put it down. There's all these different types of banks, Apple Pay, Banco, Banco Estada, Banco de Chile. Man, this is pretty awesome. So again, you have to be, you have to have a Binance account to have this peer-to-peer. But let's just talk about it real quick. I mean, how awesome is that, right? You could, you could go in there, you can have a Binance account and be like, look, I have dollars and I have a bank account. So let me get some BNB. Let me get some Bitcoin. Now, the thing, the big question probably is, is how much do they track that? I'm not for sure. So I'm having an account. I can't check it out. But how great would that be if you could just buy a Bitcoin with some cash from the bank and then that's it. Capital gains tax out the window. I'm not telling you what to do, not a financial advice. I'm just saying this is just one of those interesting things that Binance is doing. And I don't have access to that because I am American and that's just how it goes. We kind of get the shaft and these, these cool things because of regulation and the ones that get the biggest shaft of course is New Yorkers. Sorry guys. Anyhow, on top of that, flexible savings earn interest and more than your crypto assets. There's no fees, APY up to 15%. Now we've seen APY and yield everywhere across the board. You see an avoid or you see it on Celsius. But the more types of opportunities you can string together in an exchange that ties in with the, with the actual token of the exchange, then in this case Binance coin, the better off you're going to be. I mean, this is amazing. So they have that, there's this thing called Launch Pool where you can use highlight this, use your existing crypto assets to earn new tokens listed on Binance.coin. So you are staking or you have your cryptocurrency on Binance. They are rewarding you in these new tokens that are coming on and you can just gain more. So I mean, like to me, whoops, let me go back. It sounds to me like you are getting just an amazing amount of, of value just by going to Binance. Now I know, I know this sounds like an actual commercial for Binance, but I can't do anything with them. I mean, even on my exchange of wall fees, which I have, you know, my Voyager and sell all the different exchanges of wallets I've ever used and all the different yield that, that you can gain. You can check it out. There's a link in the description. But if you look over here at Binance, simple swap Binance, it's only Binance.us. So nothing has exchanged hands with me and Binance. I've been to talk to them, but I will just say this, that I mean, if I could, I would promote them a lot more heavy because of what they're doing. And it's just great value for everybody involved. So why not? So you got that, fixed savings, which is you can lock things up seven days, four days and three days and make even more APY 5 to 15%. Locked staking, you can stake select stable coins, USDT USD. Again, you can probably get some more of you as have with more of your BNB tokens. ETH 2.0 staking, DeFi staking, one of those is BNB. And what I like about this one is it tells you the risk level high, medium, low. This one's high versus risk level, none for ETH 2.0 staking. What's the next one? Dual investment. That's where it's a two asset yield aggregator. So you put two different tokens in, you get some kind of yield of it, but the reward distributions are daily risk level, no principal protection. Liquid swaps, kind of like what we were talking about before. But then of course you have this thing, the BNB vault. And it's kind of like, it's a reiteration of what they just talked about. Like look, if you have the BNB token, you can use these programs like flexible savings, launch pool, DeFi staking, all these other things to get even more as opposed to if you don't have many BNB tokens. So again, I mean, this is like a no-brainer and this is why the value is going up. So there's two things to make mention of. First of all, we talked about this before. I'll just really quick go over it. Metcast law, the more connections that you have, the higher the value is, however you want to determine value if you're talking about revenue or some type of person who is like loyal to you or whatever it is, doesn't matter. But the more connections you have, the better off it is. Because you have more connections, people using it, things like that. You can take a look at that as far as like with PayPal, with Facebook, where let me blow this up. It's kind of hard to see. So 2004, 2009, not really much going on, but the more users that they had, the more revenue they were able to actually extract mostly because of the advertising and things like that. And then the next part here is, this was a good one from Pat Ackerman. He talks about poking utility and supply and we took a look at tomato coin, which doesn't exist, Binance coin, Voyager, and Celsius. And it's just the same thing. It seems like the more utility that you put in, the more users that you have, obviously the more the price increases. If you're looking at which type of project you really get into, take a look at any of these projects like a Celsius, like a Binance, like a Swiss board, like a Voyager, and see what's going on. And real quick with Voyager, there is, right now, I made a price prediction on January 7th, and I said that this was a Voyager token was 29 cents. And I said, I believe it will go to $30. And it kind of seemed ridiculous and all of a sudden went over $1, like in like four or five days and all of a sudden it was over $2. Now we're at like 240, 250, but it's actually decreased. It's actually come down. And the reason why it's come down is because they're having issues. They're having issues because they have a waiting list right now and they're trying to play catch up because of everything that happened with whatever you want to call, with Wall Street bets and with Elon Musk and all the different people coming in. I'm hoping they're getting everything ready because of the major crush that's about to come in, which I think is going to happen pretty soon. So you don't see the price going up like a Celsius, like a Binance coin, because they're in a holding pattern. Again, they can't onboard people fast enough, but I do think when this does happen, take a look at those projects. Again, not financial advice. These are just the things that I invest into, just something that you could do your own research to take a look at. And then the next part, we'll move back here. We're talking about Binance, our Binance coin. This was the new big thing. It's really not that new. It's been out for about a couple, about a week or so, maybe 10 days. And what we're talking about now is Binance pay. And they are creating this to be a direct competitor with PayPal. And it's close. I mean, it's really close to what it could be, but it falls short of one thing. I'll say exactly what that is. So let me blow this up again. So this right here, what's Binance pay? Binance pay, contactless, borderless, and secure crypto payment technology designed by Binance allows you to pay and get paid in crypto from your friends and family worldwide. Here's the catch. You got to have account on Binance. So if you're like us in America, I keep whining about it, but we can't get it. So what are you going to do? So this is how you all set it up. And this is why I say it's so close. So there's a couple of steps. Third one is you create your unique Binance pay nickname. So I was like, Oh, that's pretty cool. So like I could put on there like, like Digital Asset News or DNews, whatever. And then if I say, Hey, pay me in Bitcoin or Binance coin or whatever, where do you want me to send it to? Just send it to Digital Asset News using your Binance app. Boom, done, right? There's no like super long numbers. There's no like scanning, none of that stuff. And you can just, it'd be super simple, but let's keep going. So the next step, step five, Binance pay wallet, customize your preferred currency payment order. So what's cool here is that, let me blow this up even more. So you see right here, you've got BNB, BUSD, Bitcoin, SXPE. So all these things you can, you can arrange those and how you want to get paid for a second, third, fourth, right? If someone doesn't have enough, it'll go to BUSD, they don't have enough of that Bitcoin and so on and so forth. So I thought that's pretty neat. And then top up your Binance pay wallet, beta wallet. But again, to me, this looks like crypto.com when they talk about top up your wallet, but again, you have to put crypto into this wallet and then you can send it wherever you want to, which isn't a big deal. But here's the catch. Again, how to set up your Binance QR code. Binance pay QR code supports your transaction from one Binance pay account to another. The Binance pay wallet currently supports six different currencies and that's how you pay somebody. So it's not, it's not like you're going to get this wallet and then it's going to come to you and you're like, oh, just send it to the digital asset news and then off it goes. You're going to have to use the QR code or the long, you know, it's really the QR code. And not that that's a big deal, but not everybody is used that type of thing. Like for here in America, it's not so much as scanning them. We use it sometimes, especially now with COVID, we scan a lot of things for the menus and things like that. But usually if you're using like PayPal or Venmo or Zeal, you're doing a lot of just like, what's your name on the account? And then you just kind of send it that way or what's your email and then just kind of goes like that or like something like PayPal. So it's just a little bit different. I mean, it's not a big thing, but I'm like, it would have gone a long way if they could just use like, you know, a specific username and then send it off that way. Anyhow, so these things have come about and this is why there's such a big huge hit as far as or uptick with Binance coin. I think it's a, it's a great thing. So that is it for that piece. If you want to sign up for my hands US, pick the exchange of wallet fees. Also, you know, you have Voyager and Celcius and all the different exchanges and wallets and brokers that I recommend don't recommend because these are the ones that I use on a daily basis. And you can check out all the yields that has right here, all the fees and everything else. And of course you have to use the everything's an affiliate link to see, you know, so if you have no ambition to use that, then you can go right to the websites or to Google Play or Apple Store and get them. But if you use the fill links, it's between $10 and $25. So it's up to you. All right. So that's it for that piece. Let me know what you think in the comment section. Let's go on to our next snippet. So this one, it's quick, but it just kind of moves a needle. And it's just, it's just like football, right? It's just a game of inches. And this the same thing with adoption, the more people that we can get into a doc crypto, the better off we are. And the more, especially public figures that we can get, like Elon Musk is a huge get. Michael Saylor, no one knew Michael Saylor before August. I mean, very few people, right? Now everybody in this community knows him. Everybody on CNBC and MSNBC knows him because he's always there. But, you know, it's not like that big thing. So Elon Musk comes along. He is in the public eye so much. Jim Kramer, he's on TV every single day, bashing that board and looks like he's about to have a stroke every day. But he's saying, Hey, you know what, I own some Bitcoin and it's awesome. So what is he talking about? Well, this was in a Squawk box interview, he says, I own Bitcoin, I've owned for some time, it's an alternative to cash position where you make absolutely nothing. So just like we talked about with yield, like I think, and remember, you have to think about the demographic, right? So who is Jim Kramer's demographic? Depends on, I mean, I've seen the ratings of that. Usually it's like 30, between 34 and up, up to the baby boomers. And who has the most money usually in America, the baby boomer generation. So if you got somebody like Jim Kramer and he's like, Hey, you know what, I have gold, I do every, I talk about stocks all day long, but I also have Bitcoin. So don't listen to all these wackos over here who say it's awful, you can get it and I own it and it's been good for me. So that's, again, that's all I care about just moving the needle. He says, as a way to have a, a stitch of things that you should use your cash with, I'm all for it. I think it's almost irresponsible not to include Bitcoin, to include Bitcoin. Kramer added saying he also views the cryptocurrency like gold is a store of value and protection is inflation. So again, I'm glad he says these things, I hope he keeps saying these things again and again and again, because just like in sales, you need to hear something seven to 10 times before you actually buy into it or buy it. So these people are going to need to hear the same message over and over and over again. So that's it for that. Again, with the needle, you know, if this is like a good thing in the comment section, and here we are to our next and last final piece. So this one, it's just real quick. We talked about this again before, but Tesla, you know, they put money into Bitcoin. But the big thing is, Hey, now you're going to be able to buy a Tesla with your Bitcoin or your solar panels or the flamethrower or the what I don't think you're doing with the boring company yet. Or maybe, maybe you can do now you probably can't buy you couldn't buy stock into SpaceX because that'd be a straight swap and that doesn't exist. But so let's just say like this, this was a pretty decent article, but it just talks about how great it would be. Oh, there's one thing I want to make mention, and I think this is this is what I got kicking in the comment section. Hey, Rob, I'm going to buy whatever it is. It doesn't matter. I'm going to buy a Tesla. I'm going to buy for this and that in Bitcoin, because that's what I'm waiting for, because that's what the new world order is going to be. Sure, quite whatever. But here's the thing, just remember that there's really four times when you get taxed. That is when you go from crypto to fiat. So, you know, you have Bitcoin cash out, you go from crypto to crypto, you have Bitcoin and you trade it for Ethereum, you have Bitcoin, you trade it to a stable coin, that's crypto to crypto, that is a taxable event. You go for, and this is the big one, goods and services. So, if you're going to pay for goods and service, like a Tesla, like solar panel, that is a good, then of course you're going to get taxed now. And a service, if you get installation or whatever else that is it. And then the next one is if you work and they pay you in crypto because everybody tells you, hey, you know what, you don't have to pay me in money, just pay me in crypto, I'm still going to tax you. So, there's different laws and regulations, but on this one, you're still going to have to pay taxes. But this was funny about the article, it says, and this is the last piece, it says, they will continue to price Tesla in dollars, and then they will say, why are dollars or send us Bitcoin? And if you send us Bitcoin, the price is good for five minutes. I'm like, yeah, good luck with that. So, especially when Bitcoin and the network starts to get congested, good luck with five minutes, I think it's going to happen. So, yeah, maybe it'll be like 30 or 45 or something like that. But it was just a quick piece article. And again, move the needle, more people that see it, the better off it is for everybody. And this is what's going on today in the market. So, thanks for sticking with me. You've made it all the way in. Hey, thanks. Thanks for sticking with me. If you liked the video, give it a thumbs up, really help me. Also, you can subscribe. And because all the things that we do is pretty much time-sensitive, a lot of things that we talk about as far as like daily news and what is moving the market. So, that'd be great. And that is all for today. So, I'll also put up two videos on the left and right. I'll have YouTube do its magic. And that is all. So, thanks again. I appreciate it. And I'll see you on the next one.